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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (16544)4/5/1999 1:58:00 PM
From: Larry Newhook  Read Replies (2) | Respond to of 37507
 
All ITM calls can be exercised up until 12 noon at Saturday the 22. If they are ITM by more than 75 cents, they will AUTOMATICALLY be exercised by the CDCC. If I am short an ITM option, I usually either close out my option position on the 3rd Friday, or I let myself get assigned and then buy the stock on the following Monday to cover my short position due to the assignment.

Larry.



To: Sam who wrote (16544)4/5/1999 2:13:00 PM
From: Crazy Canuck  Read Replies (3) | Respond to of 37507
 
>>Anyone know when the eight dollar April options have to be exercised. when all us option guys start calling for our stocks, someone will have to start buying but fast<<

My take is that the majority of the option action will be on the third Friday of the month (April 16th). I also believe that this may be the last day for the mutual funds (or anyone else for that matter) to purchase shares in this company before it becomes part of the TSE 300.

Now if I haven't screwed up the dates above, and they are correct, then April 16th should be an exciting day for Bid.Com.

To make it even a more exciting day . . . imagine if this was the day that the NASDAQ listing is announced! The buzz over the weekend would be amazing, and the trading on April 19th, would be staggering.

O.K., still want more, then let's make it even bigger! How about throwing in an announce or two on top of it. If that happens, they might start making those Discovery brokerage commercials about the returns some of the Bid.Com shareholders will have seen. LOLOL

In case anyone is wondering, I'm long on this stock! LOLOL

Crazy Canuk